United States Oil

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
USO
Pronunciation
/juˈnaɪtɪd steɪts ɔɪl/
Category
Miscellaneous
Related Field
Unclassified

Examples in Context

  1. The concept of petrodollar not only indicates the fact that international trade in oil transactions are mostly settled and priced in dollars, but also implies the influence of the United States on oil price formation.
  2. OPEC made its own guess about when production might begin declining in the United States in its monthly oil report, published on Monday.
  3. After the crisis, countries around the world such as the United States and other big oil consumers took their great effort in oil exploration storage and transportation.
  4. The United States and Canada have banned oil drilling on large portions of their continental shelves.
  5. At the end of March, President Obama called for the United States to expand its offshore oil and gas exploration.

Other meanings of USO